International Money Express (NASDAQ:IMXI) Cut to “Sell” at Wall Street Zen

International Money Express (NASDAQ:IMXI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Separately, Weiss Ratings cut shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

International Money Express Price Performance

International Money Express stock opened at $14.95 on Friday. International Money Express has a 12-month low of $8.58 and a 12-month high of $15.95. The stock has a market capitalization of $449.85 million, a P/E ratio of 17.59 and a beta of 0.75. The firm’s 50-day moving average is $15.61 and its two-hundred day moving average is $15.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). The firm had revenue of $121.95 million for the quarter, compared to analysts’ expectations of $141.02 million. International Money Express had a return on equity of 23.26% and a net margin of 4.34%. Equities analysts predict that International Money Express will post 1.86 earnings per share for the current year.

Institutional Trading of International Money Express

A number of hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in shares of International Money Express by 6,041.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after buying an additional 2,027,344 shares during the period. Magnetar Financial LLC boosted its holdings in International Money Express by 3,580.7% in the third quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock valued at $26,151,000 after acquiring an additional 1,821,116 shares during the last quarter. Fort Baker Capital Management LP acquired a new position in International Money Express in the fourth quarter valued at $14,616,000. Capula Management Ltd purchased a new stake in International Money Express during the first quarter valued at about $9,957,000. Finally, Man Group plc grew its position in International Money Express by 103.4% during the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after acquiring an additional 586,044 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.